Summary
SCOTTISH & Newcastle yesterday received a significant boost to its pubs empire by unveiling a deal to manage 364 sites, including 250 neighbourhood pubs, being sold by rival Spirit.
The Edinburgh brewer struck the deal to manage the pubs with Iranian property tycoon Robert Tchenguiz, whose Globe Pub Company investment vehicle paid (pounds) 345m to buy the estate from Spirit.See the full content of this document
Extract
S&N Empire Grows with Deal to Manage 364 Pub Sites
Tchenguiz will lease the pubs back to S&N, whose Scottish Courage subsidiary will also benefit from the d...
See the full content of this document
Sponsored links
